https://www.taxtmi.com/caselaws?id=14367 The High Court ruled in favor of the assessee regarding the entertainment expenditure disallowance under section 37(2B) of the Income-tax Act, allowing the entire amount as expenditure due to its business connection. In the case of including the cost of machinery gifted by the Government of Australia in the capital employed for section 80J deduction, the High Court directed a rehearing as discrepancies were found in the analysis, emphasizing the need for a proper assessment based on facts and legal principles. en-us Thu, 11 Jan 2001 00:00:00 +0530 Wed, 15 Jul 2009 14:01:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14367 The High Court ruled in favor of the assessee regarding the entertainment expenditure disallowance under section 37(2B) of the Income-tax Act, allowing the entire amount as expenditure due to its business connection. In the case of including the cost of machinery gifted by the Government of Australia in the capital employed for section 80J deduction, the High Court directed a rehearing as discrepancies were found in the analysis, emphasizing the need for a proper assessment based on facts and legal principles. Case-Laws Income Tax Thu, 11 Jan 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14367